Avenue Community Development Coporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 14,451,268 | 11,748,151 | 2,703,117 | 30.2 | 26% |
| 2021 | 11,542,239 | 12,982,545 | −1,440,306 | 26.0 | 26% |
| 2022 | 13,725,798 | 16,923,376 | −3,197,578 | 17.7 | 21% |
| 2023 | 10,964,102 | 13,906,560 | −2,942,458 | 19.7 | 25% |
In its most recent public year (2023), this organization spent $2,942,458 more than it brought in. Its reserves stood at about 19.7 months of spending, down from 30.2 in 2020. Staff pay was 25% of spending. $1,291,401 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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